Liquidity Risk and Asset Pricing
... low contemporaneous returns and high predicted future returns. ...
... low contemporaneous returns and high predicted future returns. ...
Comparative Advantage and International Risk Sharing: Together at
... A classical example in the international trade literature studying the link between financial integration and specialization patterns is the book by Helpman and Razin (1978a) mentioned in the previous paragraph. In their work, Helpman and Razin (1978a) not only show what set of assumptions is needed ...
... A classical example in the international trade literature studying the link between financial integration and specialization patterns is the book by Helpman and Razin (1978a) mentioned in the previous paragraph. In their work, Helpman and Razin (1978a) not only show what set of assumptions is needed ...
Integrated annual report and group annual financial statements
... 30 June 2016. Actual results may differ materially from the group’s expectations if known and unknown risks or uncertainties affect its business, or if estimates or assumptions prove inaccurate. The group ...
... 30 June 2016. Actual results may differ materially from the group’s expectations if known and unknown risks or uncertainties affect its business, or if estimates or assumptions prove inaccurate. The group ...
unit 7 financial and operating leverage module - 2
... The use of the fixed-charges sources of funds, such as debt and preference capital along with the owners’ equity in the capital structure, is described as financial leverage or gearing or trading on equity. The use of the term trading on equity is derived from the fact that it is the owner’s equity ...
... The use of the fixed-charges sources of funds, such as debt and preference capital along with the owners’ equity in the capital structure, is described as financial leverage or gearing or trading on equity. The use of the term trading on equity is derived from the fact that it is the owner’s equity ...
Annual Report 2016 Pico Far East Holdings Limited
... Technological revolutions are profoundly changing the world and our industry on a near-daily basis. In this environment, to effectively address our clients’ real needs and seize on emerging opportunities, Pico continuously transforms its business model in ways big and small to stay ahead – to be a l ...
... Technological revolutions are profoundly changing the world and our industry on a near-daily basis. In this environment, to effectively address our clients’ real needs and seize on emerging opportunities, Pico continuously transforms its business model in ways big and small to stay ahead – to be a l ...
optimal capital structure
... We have studied three companies within the real estate industry due to comparable issues. Our result reveals that the companies do not use any mathematical model when deciding their capital structure but they do consider many important factors. The business and financial risk have the largest impact ...
... We have studied three companies within the real estate industry due to comparable issues. Our result reveals that the companies do not use any mathematical model when deciding their capital structure but they do consider many important factors. The business and financial risk have the largest impact ...
Slide 1
... Retrospective application was needed. The effect is that depreciation should have been provided after considering impairment losses since 2005. Cumulative effect needs to be ascertained while measuring PPE. ...
... Retrospective application was needed. The effect is that depreciation should have been provided after considering impairment losses since 2005. Cumulative effect needs to be ascertained while measuring PPE. ...
INVESTMENT-CASH FLOW SENSITIVITY IN SMALL AND MEDIUM
... quality of management in making investment decisions determines the level of risk that creditors and/or equity investors face. The level of risk is then reflected by a high cost of capital, plus the requirement of additional collateral and/or the limitation of the amounts supplied. According to Myer ...
... quality of management in making investment decisions determines the level of risk that creditors and/or equity investors face. The level of risk is then reflected by a high cost of capital, plus the requirement of additional collateral and/or the limitation of the amounts supplied. According to Myer ...
Trustee Corporations Association of Australia
... We suggest that a formal compliance plan should be a feature of the prudential framework for superannuation funds, as it is in the regulatory regime for managed funds. This plan would set out the measures that the trustee is to apply in operating the fund to ensure compliance with SIS and the fund’s ...
... We suggest that a formal compliance plan should be a feature of the prudential framework for superannuation funds, as it is in the regulatory regime for managed funds. This plan would set out the measures that the trustee is to apply in operating the fund to ensure compliance with SIS and the fund’s ...
Financial Development and Economic Growth in Bulgaria
... are performed well by the financial system, the effect of the credit growth will be limited to a short-term stimulus. In fact, the development of a financial system can be defined as the degree to which it performs these functions well. Therefore, an increase in credit activity is a necessary but no ...
... are performed well by the financial system, the effect of the credit growth will be limited to a short-term stimulus. In fact, the development of a financial system can be defined as the degree to which it performs these functions well. Therefore, an increase in credit activity is a necessary but no ...
Leverage and Capital Structure
... risk, whereas decreases in leverage result in decreased return and risk. The amount of leverage in the firm’s capital structure—the mix of long-term debt and equity maintained by the firm—can significantly affect its value by affecting return and risk. Unlike some causes of risk, management has almo ...
... risk, whereas decreases in leverage result in decreased return and risk. The amount of leverage in the firm’s capital structure—the mix of long-term debt and equity maintained by the firm—can significantly affect its value by affecting return and risk. Unlike some causes of risk, management has almo ...
Integrated reporting
... governance and prospects. An issue is considered material if it is likely to impact KCB’s ability to achieve its strategy, to remain commercially sustainable and to be socially relevant. In particular, material issues are those that have a strong bearing on the assessment of stakeholders of the exte ...
... governance and prospects. An issue is considered material if it is likely to impact KCB’s ability to achieve its strategy, to remain commercially sustainable and to be socially relevant. In particular, material issues are those that have a strong bearing on the assessment of stakeholders of the exte ...
Game Management Annual Report 2015-16
... Agriculture. Members of the Board are appointed for not more than a period of three years but may be reappointed. As set out in Section 10 of the Act, the Minister must attempt to ensure that Board members collectively have skills, experience and knowledge relating to: i. legal practice ...
... Agriculture. Members of the Board are appointed for not more than a period of three years but may be reappointed. As set out in Section 10 of the Act, the Minister must attempt to ensure that Board members collectively have skills, experience and knowledge relating to: i. legal practice ...
Financial System Inquiry - The Australian Financial Markets
... strategic sense of how the Government in recent years wishes to see the financial system develop and what policies it will prioritise to achieve its objectives in this respect. The consequent uncertainty introduces a difficulty for financial services firms who are preparing business plans that invol ...
... strategic sense of how the Government in recent years wishes to see the financial system develop and what policies it will prioritise to achieve its objectives in this respect. The consequent uncertainty introduces a difficulty for financial services firms who are preparing business plans that invol ...
2 0 0 6 / 0 7 A... O F C L E A R I... A N D S E T T L... F A C I L I T I E S
... This report sets out information that the Reserve Bank is required to report in relation to its role in the oversight of clearing and settlement (CS) facilities in Australia. This includes an assessment of how well CS facilities have complied with Financial Stability Standards determined by the Bank ...
... This report sets out information that the Reserve Bank is required to report in relation to its role in the oversight of clearing and settlement (CS) facilities in Australia. This includes an assessment of how well CS facilities have complied with Financial Stability Standards determined by the Bank ...
FINANCIAL PLANNING RESEARCH JOURNAL
... funds pool and a strong social security system. Because of these factors international journals in the area of personal finance and/or investments may not suit an Australian audience. In addition, the rapid developments in regulatory and professional standards within the context of personal finance ...
... funds pool and a strong social security system. Because of these factors international journals in the area of personal finance and/or investments may not suit an Australian audience. In addition, the rapid developments in regulatory and professional standards within the context of personal finance ...
Client focused Outcome orientated
... rate positions throughout the year have good cause to be grateful that they didn’t go with the consensus view a year ago that ‘interest rates can only rise’ and surely 2016 must go down as the year when managing risk was preeminently highlighted. ...
... rate positions throughout the year have good cause to be grateful that they didn’t go with the consensus view a year ago that ‘interest rates can only rise’ and surely 2016 must go down as the year when managing risk was preeminently highlighted. ...
Implementing Basel III capital reforms in Australia
... banking system is highly concentrated within the major domestic retail operations, with the four largest banks comprising over 75 per cent of ADI assets. The global financial crisis A strong and resilient banking system is a foundation of sustainable economic growth. Banks are at the centre of the c ...
... banking system is highly concentrated within the major domestic retail operations, with the four largest banks comprising over 75 per cent of ADI assets. The global financial crisis A strong and resilient banking system is a foundation of sustainable economic growth. Banks are at the centre of the c ...
The sTrengTh To persisT. The TenaciTy To prevail.
... MSC – a global integrated tin mining and The MSC Group is currently one of the world’s leading integrated producers of tin metal and tin based products and a global leader in custom tin smelting since 1887. In 2012, the Group produced 39,693 tonnes of tin metal maintaining its position as the second ...
... MSC – a global integrated tin mining and The MSC Group is currently one of the world’s leading integrated producers of tin metal and tin based products and a global leader in custom tin smelting since 1887. In 2012, the Group produced 39,693 tonnes of tin metal maintaining its position as the second ...
Towards a new framework for banking crisis management
... The paper includes a comprehensive reconstruction of institutional frameworks as they were before and after the reforms that followed the financial crisis. In this context, a special focus is given to the initiatives currently on the international agenda, which aimes at setting up a common framework ...
... The paper includes a comprehensive reconstruction of institutional frameworks as they were before and after the reforms that followed the financial crisis. In this context, a special focus is given to the initiatives currently on the international agenda, which aimes at setting up a common framework ...
Driving success in a growing market
... Government Crown Commercial Services framework (RM1045) opens up new markets in the public sector, both directly and through our channel partners, and we have strengthened our sales team in this area. ...
... Government Crown Commercial Services framework (RM1045) opens up new markets in the public sector, both directly and through our channel partners, and we have strengthened our sales team in this area. ...
Annual report 2015/16
... The final product to be launched in the SenSura® Mio portfolio, the SenSura® Mio Convex range with proven leakage reduction, has now been launched in 16 markets, with highly positive feedback from users and healthcare professionals. The Continence Care business launched SpeediCath® Flex, a new flexi ...
... The final product to be launched in the SenSura® Mio portfolio, the SenSura® Mio Convex range with proven leakage reduction, has now been launched in 16 markets, with highly positive feedback from users and healthcare professionals. The Continence Care business launched SpeediCath® Flex, a new flexi ...
Mitigating Systemic Risk - A Role for Securities Regulators
... Of course, this did not preclude cooperation among agencies aimed at securing financial stability. In some jurisdictions prudential regulators and monetary authorities shared information and cooperated in stress-testing the banking system. However, the focus on regulating individual institutions mea ...
... Of course, this did not preclude cooperation among agencies aimed at securing financial stability. In some jurisdictions prudential regulators and monetary authorities shared information and cooperated in stress-testing the banking system. However, the focus on regulating individual institutions mea ...
Reports and Financial Statements for the Financial
... unusual nature other than as disclosed in the financial statements. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR There were no material events subsequent to the reporting date that require disclosure or adjustments to the financial statements. DIVIDEND The amount of dividend declared and paid by the ...
... unusual nature other than as disclosed in the financial statements. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR There were no material events subsequent to the reporting date that require disclosure or adjustments to the financial statements. DIVIDEND The amount of dividend declared and paid by the ...
Financial Integration and Growth in a Risky World
... of current state variables. At each stage of the algorithm, optimality and market clearing conditions gives values for prices, quantities and the future states at each point of the grid. Outside the grid, interpolation is used. Then, ‘time-iteration’ on the policy function gives the policy function ...
... of current state variables. At each stage of the algorithm, optimality and market clearing conditions gives values for prices, quantities and the future states at each point of the grid. Outside the grid, interpolation is used. Then, ‘time-iteration’ on the policy function gives the policy function ...